Small Business


The Office of Advocacy of the U.S. Small Business Administration (SBA) recently published a State Guide to Regulatory Flexibility for Small Businesses to help states implement regulatory flexibility programs for small businesses. SBA studies have shown that small businesses account for 93% of businesses in every state; yet businesses with fewer than 20 employees spend approximately 45% more per employee than businesses with 500 or more employees to comply with federal regulations and mandates (see “Taking Care of Small Business,” JofA , March 06, page 39).

The Office of Advocacy proposed model legislation in 2002 to help provide alternative solutions to this burden. Thirty-seven state legislatures have since considered and 19 implemented such legislation.

The full report is available at www.sba.gov/advo/laws/rfa_stateguide07.pdf .

SPONSORED REPORT

2019 State of Financial Reporting Survey

We surveyed nearly 600 finance and accounting professionals on their month-end close and reporting processes. See the results.

VIDEO

What RPA is and how it works

Robotic process automation is like an Excel macro that can work on multiple applications, says Danielle Supkis Cheek, CPA. RPA can complete routine, repetitive tasks such as data entry, freeing up employee time from lower-level chores.